Personal loans for students from 60+ brands

Find personal loans from a wide range of Australian lenders that best suit your needs. Compare interest rates, repayments, fees and more. - Data last updated on 27 May 2018

Now showing 1 - 12 of 12 student loans
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Unsecured Personal Loan (5 Year Term)
*Comparison rate is calculated based on a loan of $30,000 over 5 years.
Advertised Rate
9.78%fixed
Comparison Rate
11.18%*
Monthly Repayment
$634
Upfront Fee
$350
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Secured Personal Loan (Car < 2 Years)
Advertised Rate
7.99%variable
Comparison Rate
8.97%
Monthly Repayment
$608
Upfront Fee
$200
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Unsecured Personal Loan – Diamond (Excellent Credit)
Advertised Rate
8.50%fixed
Comparison Rate
9.36%
Monthly Repayment
$615
Upfront Fee
$595
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Excellent Credit Personal Loan - Fixed Repayments (Unsecured)
Advertised Rate
From 8.35%fixed
Comparison Rate
9.61%
Monthly Repayment
$613
Upfront Fee
3%of loan amount
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Personal Loan Fixed Rate
Advertised Rate
From 9.50%fixed
Comparison Rate
10.06%
Monthly Repayment
$630
Upfront Fee
$150
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Secured Personal Loan (Car 2-7 Years)
Advertised Rate
9.49%variable
Comparison Rate
10.46%
Monthly Repayment
$630
Upfront Fee
$200
Compare
Unsecured Personal Loan (NSW, ACT & QLD only)
Advertised Rate
11.45%fixed
Comparison Rate
11.85%
Monthly Repayment
$659
Upfront Fee
$275
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Unsecured Personal Loan
Advertised Rate
11.99%fixed
Comparison Rate
12.81%
Monthly Repayment
$667
Upfront Fee
$195
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Unsecured Personal LoanSpecial$0 establishment fee when you apply for a new Unsecured Personal Loan before 14th June 2018. Single applicants only.
Advertised Rate
12.99%fixed
Comparison Rate
14.14%
Monthly Repayment
$682
Upfront Fee
$250
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Unsecured Personal Loan
Advertised Rate
From 13.99%fixed
Comparison Rate
15.19%
Monthly Repayment
$698
Upfront Fee
$250
Compare
Unsecured Personal Loan
Advertised Rate
12.99%variable
Comparison Rate
16.42%
Monthly Repayment
$682
Upfront Fee
$200
Compare
Get Set Loan
Advertised Rate
17.00%variable
Comparison Rate
17.99%
Monthly Repayment
$746
Upfront Fee
$150
Compare
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Student loans

What are student loans? 

Being a student is an expensive business. Students who don't have the benefit of parents to support them through their years of studying need sources of funding that are realistic in terms of how and when a loan needs to be repaid. Student loans are a common feature of  higher education in many parts of the world. They give you access to money to support your living expenses and help to pay your tuition fees. These are personal loans, geared to you and your requirements throughout the period of your course. If you want to continue studying after gaining your first degree, you may be able to top up your student loan if your lender agrees.

Why do people use student loans?

If you are starting out at university you may not have sufficient savings to fund your studies. You may have had a part-time job but that's not likely to have given you a serious nest egg. So for many young people – and mature students as well – a student loan from either a public or private source of finance is part of the package. Taking out a student loan can rebalance your financial security over a number of years. You're aiming for a degree to improve your job opportunities with the potential over the progress of your career to earn more than you might otherwise have done.

What are the main features of student loans?

Many banks, as well as the Australian government, offer loan programs to help you with your student finances. Lenders are well aware that most students won't have a steady income stream, wherever it comes from, and look to the potential you have for your future income. Loans from the government can be attractive in terms of good repayment conditions, but not everyone is necessarily eligible for these and even those in receipt of a government loan may need to top up from a private provider.

Lenders may offer a student loan at below normal personal loan interest rates, an appealing option for many. You may also be able to defer repayments until you are in employment and begin to build up your finances.

What are the pros and cons of student loans?

For many students a student loan is essential to be able to manage finances during the period of study. Often with low interest rates and favourable repayments terms, they can provide financial security while at university.

If you take out a private loan and are able to defer payments that will help your immediate financial situation, but be aware that interest is likely to be charged on the loan right from the start, and after a number of years that can add a lot of money to what you will have to repay.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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